`Spain's recession could continue into 2014'

Last Updated: Thursday, April 11, 2013, 10:39

The economic recession that has affected Spain since 2011 could continue into next year despite forecasts that the Spanish economy could grow 0.80 percent over the next year, the European Commission said Wednesday.

Spain's GDP to contract

Last Updated: Wednesday, April 10, 2013, 15:18

Spain would suffer a GDP reduction of between 0.5 and 0.6 percent in the first quarter of 2013, said Spanish Economy Minister Luis de Guindos.

Bankruptcies rise in Spain

Last Updated: Thursday, March 21, 2013, 12:23

Families and firms in Spain declaring bankruptcy rose by 27.1 percent in 2012 in comparison with 2011, according to data published by the Spanish National Institute of Statistics (INE).

Spain will revise 2013 economic forecast: Rajoy

Last Updated: Thursday, March 21, 2013, 12:16

Spanish Prime Minister Mariano Rajoy said Wednesday that his government will almost certainly revise its economic outlook for 2013.

Spanish annual inflation at 2.8%

Last Updated: Thursday, March 14, 2013, 13:10

Spanish annual inflation stood at 2.8 percent in February, 0.1 point higher than the previous month, the Spanish National Institute of Statistics (INE) said here.

Spain's economy contracts by 0.80%

Last Updated: Friday, March 1, 2013, 11:44

The Spanish economy contracted 0.80 percent in the fourth quarter of 2012 as consumer spending continued to weaken, the National Statistics Institute, or INE, said.

Spain's unemployment rate hit 26.02%, over 5.9 mn jobless

Last Updated: Friday, January 25, 2013, 10:07

Spain's unemployment rate hit 26.02 percent in 2012, with more than 5.9 million people jobless, the Spanish National Statistics Institute, or INE, said Thursday.

Spain's economy contracts by 1.3%

Last Updated: Thursday, January 24, 2013, 10:03

The Spanish economy contracted 1.3 percent in 2012, with the recession intensifying in the last quarter of the year and the gross domestic product falling 0.60 percent, compared to the previous quarter, the Bank of Spain said Wednesday.

Spain's economy will grow again in 2014: Rajoy

Last Updated: Monday, December 24, 2012, 11:13

Prime Minister Mariano Rajoy said Spain is undergoing a "difficult moment" but that the situation will improve "if we all work together with determination and live up to our obligations".

EU expects Spanish economy to stay in recession until 2014

Last Updated: Thursday, November 8, 2012, 11:15

The European Commission said Wednesday it expects Spain's economy to contract by 1.4 percent both this year and next before rebounding in 2014 with growth of 0.8 percent.

Spain not ready to seek EU aid

Last Updated: Tuesday, October 30, 2012, 11:55

Spanish Prime Minister Mariano Rajoy said Monday that his government "understands that it is not essential at this time" to seek aid from the European Union to protect "the general interests of the Spanish people".

Spain economy to be better in 2013: Mariano Rajoy

Last Updated: Monday, October 29, 2012, 11:49

Spanish Prime Minister Mariano Rajoy has expressed confidence that 2013 will be a better year and that the economic crisis can begin to be overcome in the near future.